News

March, 2018

• 28 March

  Canadians Embrace Contactless Payments, but Are Cautious About Other New Payment Forms

  

  Canadians are now quite comfortable with contactless payments, but they view other new payment forms cautiously, according to new findings from Visa Inc.’s Canadian unit. Some 52% of 1,000 adults polled in February for Toronto-based Visa Canada said they are regular users of contactless cards. Also, 80% of respondents said …
• 28 March

  Braintree Extend Debuts and other Digital Transactions News briefs from 3/28/18

  

  PayPal Holdings Inc.’s Braintree e-commerce processing unit launched Braintree Extend, a service offering that includes support for transaction services, rewards and loyalty, and contextual commerce. Brazil’s central bank this week announced a cap on debit card interchange of 0.80% of the transaction, while averaging no more than 0.50%, according to …
• 28 March

  Visa Gets Set for the Next Big EMV Phase—Making Contactless Transactions Routine

  

  With the EMV conversion mostly behind it, the United States is ripe for another big change at the point of sale—adoption of tap-and-go payments, says Visa Inc. With 96% of its payment volume now chip-based, “the next thing we’re focusing on is contactless,” Stephanie Ericksen, the card network’s vice president …
• 27 March

  Galileo Processing Expands Beyond the Prepaid Niche Into the Wider World of Payments

  

  Best known for serving prepaid card providers, Galileo Processing says it is rapidly expanding into other parts of the electronic-payments industry with new services, including application programming interfaces supporting cryptocurrency transactions. Salt Lake City, Utah-based Galileo declined to disclose actual numbers, but said earlier this week that it posted a …
• 27 March

  60% of Consumers Would Make a Voice-Commerce Purchase, a TSYS Survey Finds

  

  A strong majority of consumers—60%—would use an intelligent personal assistant or voice-activated speaker to make a purchase or payment, finds the latest iteration of the TSYS U.S. Consumer Payment Study. The response is notable in because it was less than a year ago that another survey found only 19% of …
• 27 March

  A Vending-Payments Processor Applies Cryptocurrency to Crack the Market for Micropayments

  

  Remember micropayments? Most payments providers gave up on this class of electronic payments several years ago when it became apparent that technology couldn’t crack the problem of high-cost transactions applied to very low-value goods. But now at least one player is attacking the market with cryptocurrency. On Track Innovations Ltd., …
• 27 March

  Twenty Years of Payment Gateway Excellence

  

  For 20 years, USAePay has been shaking up how things are done in payments. Since inception, USAePay has been leading the payments industry, working directly with reseller banks, ISO’s, merchants, and developers. Back in 1998, computers and the Internet had limited capabilities. However, over the last couple of decades, technological …
• 26 March

  Backed by BBVA, a Fintech Startup Creates a ‘Borderless’ Payment Account

  

  Denizen Financial Inc., a San Francisco-based startup backed by one of Spain’s biggest banks, has created what it calls “the first true global, borderless account” that allows customers to receive money in one country and pay it out in another while avoiding international transfer fees and foreign-exchange fees. Denizen says …
• 26 March

  Shopify Picks Google Cloud Services and other Digital Transactions News briefs from 3/26/18

  

  E-commerce platform provider Shopify Inc. chose Google’s cloud services to help host its online stores, Bloomberg reported. Payments provider Net Element Inc. said Jonathan Fichman, a former Bank of America Merrill Lynch executive who currently is managing director of C-Anax Ventures & Advisory, joined its board of directors.
• 26 March

  Many Consumers View Stores As Online Shopping Extensions, a Survey Finds

  

  Buy online, pick up in store is now a mainstream expectation for consumers, finds a survey from Kibo Software Inc., an e-commerce platform provider. In the Kibo “2018 Consumer Trends Report” of 3,000 U.S. consumers, 67% said they made a purchase online and picked it up in a store in …